Houston real estate posts best October ever

Get Inman via Facebook MessengerOur top headlines delivered once a day. by CareyBot

Real estate sales in Houston, Texas, were up for the 13th straight month in October compared to year-ago levels, as single-family sales and prices hit new highs for the month, the Houston Association of Realtors reported. Total property sales -- which include single-family homes, townhomes, multifamily homes, country homes, high-rise properties and lots listed on the MLS -- registered 6,792 last month, up 6 percent from the same month last year. Sales of new and existing single-family homes posted an October record at 5,600 units, up 7.3 percent from the year-ago total of 5,218 sales. Additionally, the median home price for a single-family home reached a monthly record for October of $146,000, up 2.8 percent from October 2005, despite sinking from $150,000 in September. The median is a ty...